So now a year has passed after all those discussions. Lots of changes has happened in the project. Many families (around 500) have moved into the soul space. Work has started in Forum Shantiniketan mall(Till ground floor completed), Office spaces (Crescent) occupation(Two office moved in top floor) has started, Fully functional Association, Registrations of apartment is happening, Fully functional Club house, some leakage problem, Tower C issues has been fixed with stronger than concrete structures etc

Where exactly does the project stand now?
Is it worth to invest in Shantiniketan now? What are the price levels now ?

Future of Shantiniketan ?
1. Three malls in close proximity to be opened very shortly(around 3 months) - Inrobit Mall, Phoenix Market city mall, Park Square ITPL Mall.

2. Phase 2 of Metro to include Byapanahalli - ITPL

Please pour in your thoughts.
Comments from residents of Shantiniketan are most welcome..

I dont want to speculate but can provide you ground reality of the project and my point of view.

As of now, 872 flats are occupied in PSN and I can see these number growing each day. Everyday 1-2 movers nd packers truck is there in compound. I have a 2BHK and my neighbors are giving 21K per month which I believe is decent rent for the start. Hope it will only grow in future.

The complex is amazing and i have not seen such an open space anywhere is bangalore.

The clubhouse is amazing and I am enjoying each day with tennis, indoor baddi games. The most important thing I liked here is the kind of people I meet everyday. It is an amazing community with like minded people and I must tell you Networking is also a benefit.

About malls: u rightly said that 3 malls are coming up in close vicinity and bangalore's very own Forum mall will also come in another 3-4 years. So in all 4 malls in an area of 3-4 sq km.

Tommorow is the opening of MORE supermarket inside the clubhouse, coffee shops, medical stores, ATM, MTR etc are also coming by this year end.

For me it is self sustained place and I am very happy as of now. As my office is in whitefield only so have no issues with traffic.

prices are same in all the towers? or its bit lesser for the Towers which collapsed during construction stage?

Botal Bhai ji ...

First of to clarify ... no residential tower collapsed.

The collapse happened at the commercial tower, which is not a part of the residential one and is outside the residential towers. There was never an issue with the residential tower.

Why it collapsed? Because the concrete flooring was laid and the support was removed before drying of the cement. So the issue was not with quality but in execution. Once the cement dries the flooring does not give way.
Check out the pic and details on the link:The Hindu : Karnataka / Bangalore News : Did cost-cutting cause Prestige building collapse?What Prestige did? It broke the whole structure and replace everything with steel beams and steel flooring. Yes now the complete building is made of steel pillars.

Now residential structure is made with MIVAN technology to give strength to high rise building. It means that every wall is a beam (made of cement and steel and is not made of bricks). Hence even putting a nail is not possible in the wall. SO u can imagine what the strength of the builiding is.

Prices are different in PSN based on the facing of flat and the apartment size and floor rise.

Checkout the link Prestige Group to see the latest pics of the project.

The collapse happened at the commercial tower, which is not a part of the residential one and is outside the residential towers. There was never an issue with the residential tower.

why it collapsed? because the concrete flooring was laid and the support was removed before drying of the cement. So the issue was not with quality but in execution. Once the cement dries the flooring does not give way.
Check out the pic and details on the link:the hindu : Karnataka / bangalore news : Did cost-cutting cause prestige building collapse?what prestige did? it broke the whole structure and replace everything with steel beams and steel flooring. Yes now the complete building is made of steel pillars.

Now residential structure is made with mivan technology to give strength to high rise building. It means that every wall is a beam (made of cement and steel and is not made of bricks). Hence even putting a nail is not possible in the wall. So u can imagine what the strength of the builiding is.

Prices are different in psn based on the facing of flat and the apartment size and floor rise.

Checkout the link prestige group to see the latest pics of the project.